Daily Report Online

Clients, Not Counsel, Have Most To Gain from Georgia Tax Court, Lawyer Predicts

The proposed court would ease filing of appeals of state tax decisions but won't immediately increase demand for tax lawyers' services, one attorney says.
6 minute read

New York Law Journal

Funding Life-Income Charitable Gifts With IRAs

"Your clients can use up to $53,000 of their IRA's Required Minimum Distributions (RMDs) to make life-income charitable gifts."
4 minute read

Corporate Counsel

Ex-Moody's GC Gets 8 Months in Prison for Not Filing Tax Returns on $54M in Income

Former Moody's GC John Goggins "regrets and accepts full responsibility" for failing to file his returns and "is grateful to the court for considering the comprehensive measures of accountability and restitution he has taken in connection with his misdemeanor offenses."
2 minute read

The Legal Intelligencer

Recent Supreme Court Decisions May Affect Tax Practice

This article discusses the potential impact of two recent U.S. Supreme Court decisions—Loper Bright Enterprises v. Raimondo and Corner Post v. Board of Governors of the Federal Reserve System—on tax planning and controversy practice.
6 minute read

New York Law Journal

IRS Issues Regulations on Conservation Easement Reporting

In December 2022, the IRS issued proposed regulations designating certain syndicated conservation easements as listed transactions. In their financing column, Ezra Dyckman and Charles Nelson offer their thoughts on how the regulations, finalized by the IRS on Oct. 8, 2024, "seem to go beyond congressional intent and create the added confusion of having two similar but not identical sets of rules."  
5 minute read

The Legal Intelligencer

IRS Announces Final Regulations Identifying SCE Transactions as Listed Transactions

The new IRS regulations require taxpayers who participated or materially advised others in SCE transactions to satisfy additional reporting requirements.
3 minute read

Texas Lawyer

Vinson & Elkins Builds Renewable Energy Team With Bracewell Partner in Houston

With demand high in renewable energy tax credits work since the passage of the Inflation Reduction Act, Vinson & Elkins hired Bracewell partner Jenny Speck, who advises clients on the tax transactions.
3 minute read

New York Law Journal

Termination of Status as S Corporation Shareholder

This column discusses two recent Tax Court cases and there application to status as an S corporation shareholder.
8 minute read

Daily Report Online

Georgia Removed From Lawsuit Challenging Student Loan Forgiveness; Case Transferred to Missouri

U.S. District Judge J. Randal Hall of the Southern District of Georgia issued an order on Oct. 3 dismissing Georgia from a suit that includes the states of Missouri, Alabama, Arkansas, Florida, North Dakota and Ohio against the U.S. Department of Education's enforcement of the Third Mass Cancellation Rule, which would cancel student loan debt in 2024 and 2025.
5 minute read

The American Lawyer

McCarter & English Hires 10 Former Burns & Levinson Lawyers in Boston

Seven partners, two special counsel and an associate are joining from Burns & Levinson as it prepares to wind down.
3 minute read

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